Russia: Severstal launches major new production line at Cherepovets Steel Mill

PAO Severstal, one of the world’s leading vertically integrated steelmaking and mining companies, has launched a production line for polymer-coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (MCW No. 3). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg…

Ukraine: Metinvest pays interest on eurobonds

Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021.

According to the company statement, $3.69 million were spent on paying loans on pre-export financing.

After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)

Russia: KMZ ferromanganese output and sales up in 2017

In 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY.

At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)

Ukraine: Pervomayskugol gets loan to open new long face

The Cabinet of Ministers has provided the state enterprise Pervomayskugol with the state guarantees for the loan of 2276.2 million UAH.

The funds will be used to commission the new long face at the Gorskaya mine.

The decision on the loan was taken in 2017 by the Ministry of energy and coal industry. (Ukrainian metal)